PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0122%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.105%

Price spread now: Kraken Futures against Reya+0.117%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.117% dearer against Reya than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000004747	0.0189	pay 0.0024% / 1h	22m 46s	$7K	—	15x
Short	Kraken Futures PF_PEPEUSD	0.000004752	0.0067	get 0.0008% / 1h	22m 46s	$3.8M	$13.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee Kraken FuturesbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$25.53
Price spread: +0.117% → 0.000%: $11.74
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.79
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	4.54 bp	11.0 bp −$11	15.1 bp −$151	73.9 bp −$7,387	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid kPEPE	−0.0202%	1h	0.000004728	−0.396%	$66.6M	$93.6M	10x	as long as short
dYdX PEPE-USD	0.0000%	1h	0.000004733	−0.284%	$17K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000004743	−0.089%	$13K	—	150x	as long as short
Kraken Futures PF_PEPEUSDshort	+0.0067%	1h	0.000004752	+0.117%	$3.8M	$13.7M	50x
Pacifica kPEPE	+0.0100%	1h	0.000004735	−0.249%	$59K	$116K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004738	−0.186%	$86.0M	$291.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004737	−0.207%	$148.9M	$64.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004735	−0.255%	$24.1M	$54.5M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000004733	−0.297%	$41.8M	$150.4M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004753	+0.129%	$536K	$4.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004750	+0.058%	$25K	$349K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0100%	1h	0.000004745	−0.038%	$99K	$754K	25x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004754	+0.147%	$1K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004752	+0.109%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004750	+0.069%	$534K	$3.5M	75x	as long as short
Lighter 1000PEPE	+0.0112%	1h	0.000004740	−0.144%	$585K	$6.4M	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0178%	8h	0.000004736	−0.224%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0184%	8h	0.000004758	+0.231%	$2.3M	$6.5M	50x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000004747	long leg	$7K	—	15x
OKX PEPE-USDT-SWAP	+0.0200%	8h	0.000004739	−0.165%	$41.1M	$493.7M	50x	as long as short
01 Exchange kPEPEUSD	+0.0272%	1h	0.000004745	−0.038%	$544	$2K	10x	as long as short
BloFin PEPE-USDT	+0.0322%	8h	0.000004749	+0.046%	$3.9M	$22.3M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0379%	8h	0.000004751	+0.078%	$29K	$13K	20x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0382% / S −0.0344%	1h	0.000004000	−15.733%	$46K	—	100x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0400%	1h	0.000004745	−0.038%	$560K	$25.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0437%	1h	0.000004755	+0.172%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0573%	1h	0.000004754	+0.153%	$90K	$602K	15x	as long as short
Aster 1000PEPEUSDT	+0.0593%	8h	0.000004735	−0.247%	$1.5M	$7.3M	50x	as long as short
Binance 1000PEPEUSDT	+0.0598%	8h	0.000004735	−0.249%	$130.5M	$1.06B	75x	as long as short
BingX 1000PEPE-USDC	+0.0598%	8h	0.000004737	−0.198%	—	$2.3M	—	as long as short
MEXC PEPE_USDT	+0.0599%	8h	0.000004739	−0.160%	$88.3M	$281.8M	300x	as long as short
Extended 1000PEPE-USD	+0.0600%	1h	0.000004737	−0.204%	$521K	$148K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0608%	1h	0.000004747	+0.004%	$134K	—	3x	as long as short
Nado kPEPE-PERP	+0.0662%	1h	0.000004745	−0.038%	$181K	$849K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.1014%	1h	0.000004752	+0.109%	$76K	$98K	25x	as long as short